Supreme Court Declines To Hear New Jersey Sports Betting Case

The U.S. Supreme Court will not hear an appeal in the sports betting case between NCAA/professional sports leagues and the New Jersey Thoroughbred Horsemen’s Association. The decision was announced Monday, and means the case will go back to New Jersey federal court for a decision about what the leagues may or may not owe for their opposition to the legalization of sports wagering in the state.

The horsemen assert they are owed a $3.4 million bond plus interest, as well as up to $150 million in damages for lost revenue on sports betting between 2014 and 2018.

In 2014, New Jersey had gotten around a federal ban on sports wagering by passing a state law allowing it. A federal judge at the time ruled sports wagering could not be offered in the state while the NCAA and professional sports leagues sought an injunction against sports wagering in New Jersey. The court required the leagues to put up $3.4 million in bond, meant to represent possible losses to the NJTHA in the event they lost their injunction.

When the Supreme Court ruled in 2018 that sports wagering could become legal, the NJTHA said it became entitled to the lost revenue that would have taken place between 2014 and 2018, in addition to that bond.

The NJTHA has asserted that sports leagues were working to oppose sports wagering while making money from fantasy sports which, like sports wagering, relied upon the performance of individual players.

The Third U.S. Circuit Court of Appeals had found in favor of the NJTHA. A federal court will now consider how much the leagues will be required to pay the horsemen.

Read more at The Tacoma News Tribune

The post Supreme Court Declines To Hear New Jersey Sports Betting Case appeared first on Horse Racing News | Paulick Report.

DYFD Winter - 300x90

Comments are closed.